Taiwan's Gintech Energy plans up to $200 million 0% euro convertibles

By Marisa Wong

Madison, Wis., Aug. 24 - Gintech Energy Corp. said it plans to issue up to $200 million of zero-coupon euro convertible bonds in a public offering outside of Taiwan.

The convertibles will be issued at par of at least $200,000.

The maturity is temporarily set at five years, and the coupon is tentatively set at 0%.

Funds from the offer will be used as overseas financing for the purchase of materials.

Based in Jhunan Township, Taiwan, Gintech designs, manufactures and markets multi-crystalline solar cells.

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